Capacit'e Infraprojects Secures ₹537 Crore Order from Raymond Realty
Capacit'e Infraprojects Limited received a Letter of Intent (LOI) valued at approximately ₹537 Crore from Raymond Realty Limited. The contract is for construction work on 'Address by GS -3' and 'Invictus -2' projects in Thane. This repeat order signifies a strengthening partnership and Capacit'e's commitment to project execution.
A contract of ₹537 Crore represents a substantial addition to the company's order book and is likely to have a material impact on its financial performance.
The announcement details a significant new order win, which is a positive development for the company's business and revenue prospects.
Capacit'e Infraprojects Limited has announced the receipt of a Letter of Intent (LOI) from Raymond Realty Limited for a total contract value of approximately ₹537 Crore, excluding GST. The contract is for the construction of 'Towers F, G and NTA' and 'Retail Building' within the 'Address by GS -3' and 'Invictus -2' projects located in Thane.
This repeat order reinforces the strong partnership between Capacit'e Infraprojects and Raymond Realty, highlighting Capacit'e's commitment to delivering exceptional service and its confidence in meeting project timelines and exceeding client expectations. The company views this as an opportunity to expand its portfolio with quality orders and showcase its growing expertise in project execution.
Capacit'e Infraprojects has confirmed that neither its Promoters, Promoter Group, nor any Group Companies hold any interest in Raymond Realty Limited, thus the order does not fall under related party transactions. The work order was received in the ordinary course of business and is part of the company's standard civil contracting operations.
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Capacit'e Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Capacit'e Infraprojects Limited. Read the original for the full detail.